Reservation (NASDAQ:BKNG – Get Note) saw its price target raised by Evercore ISI stock research analysts from $2,900.00 to $3,000.00 in a research note released on Thursday, reports The Fly. Evercore ISI’s price target would indicate a potential upside of 42.63% from the current share price.
BKNG has been the subject of several other research reports. Credit Suisse Group raised its price target on shares of Booking from $2,850.00 to $2,985.00 in a report on Thursday. Truist Financial lowered its price target on shares of Booking from $3,400.00 to $3,300.00 and set a “buy” rating on the stock in a Wednesday, March 9 report. JMP Securities lowered its price target on shares of Booking from $2,900.00 to $2,750.00 and set an “outperform” rating on the stock in a Thursday, February 24 report. Wells Fargo & Company lowered its price target on Booking shares from $2,750.00 to $2,500.00 in a Friday, February 25 report. Finally, Gordon Haskett upgraded Booking’s shares from a “hold” rating to a “buy” rating in a report on Thursday, February 24. Eight equity research analysts gave the stock a hold rating, twenty-one issued a buy rating and one gave the company’s stock a high buy rating. According to MarketBeat.com, Booking currently has an average rating of “Buy” and a consensus price target of $2,779.76.
BKNG opened at $2,103.33 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt ratio of 1.58. The company’s fifty-day moving average price is $2,183.97 and its two-hundred-day moving average price is $2,324.88. The reservation has a 1-year minimum of $1,796.45 and a 1-year maximum of $2,715.66. The company has a market capitalization of $85.73 billion, a price/earnings ratio of 74.80, a PEG ratio of 1.30 and a beta of 1.18.
Booking (NASDAQ:BKNG – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The business services provider reported earnings per share of $3.90 for the quarter, beating Thomson Reuters consensus estimate of $0.92 ($0.92) by $4.82. Booking had a net margin of 10.63% and a return on equity of 35.57%. The company posted revenue of $2.70 billion for the quarter, versus a consensus estimate of $2.53 billion. In the same quarter a year earlier, the company posted ($5.26) earnings per share. The company’s revenue increased 136.6% year over year. As a group, stock analysts expect Booking to post earnings per share of 88.29 for the current fiscal year.
In other Booking news, Chief Financial Officer David I. Goulden sold 183 shares in a trade dated Monday, April 18. The shares were sold at an average price of $2,210.00, for a total transaction of $404,430.00. Following the completion of the transaction, the CFO now owns 6,569 shares of the company, valued at $14,517,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CEO Glenn D. Fogel sold 750 shares in a trade dated Monday, April 18. The stock was sold at an average price of $2,199.81, for a total transaction of $1,649,857.50. As a result of the transaction, the CEO now owns 49,265 shares of the company, valued at approximately $108,373,639.65. The disclosure of this sale can be found here. 0.24% of the shares are held by insiders of the company.
Several hedge funds have recently increased or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in Booking shares by 23.9% in the first quarter. Russell Investments Group Ltd. now owns 48,901 shares of the business services provider valued at $114,672,000 after acquiring an additional 9,432 shares during the period. Savant Capital LLC increased its position in Booking shares by 5.3% in the first quarter. Savant Capital LLC now owns 298 shares of the business services provider valued at $699,000 after acquiring 15 additional shares during the period. Pinnacle Associates Ltd. increased its position in Booking shares by 62.5% in the first quarter. Pinnacle Associates Ltd. now owns 619 shares of the business services provider valued at $1,454,000 after acquiring an additional 238 shares during the period. Osborne Partners Capital Management LLC increased its position in Booking shares by 2.9% in the first quarter. Osborne Partners Capital Management LLC now owns 2,874 shares of the business services provider valued at $6,750,000 after acquiring an additional 82 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in Booking by 5.2% during the first quarter. Ameritas Advisory Services LLC now owns 264 shares of the business services provider valued at $620,000 after buying 13 additional shares in the last quarter. Institutional investors hold 89.48% of the company’s shares.
Reservation Company Profile (Get a rating)
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant reservations and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with travel service providers around the world. It offers consumers a range of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.
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